Advaitagrata
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Sri Lanka is the hub location for the world trading routes, China won't invest billions in a strategically no value location. Every sighted person can clearly see how important this country's location is in the world trading routes.
SL, due to its strategic location, IS a hub, since 60,000 ships ply this route every year.
However SL is not the only one, India WAS and IS a Hub too. Historically India was THE hub.
Back in 2005, trade accounted for close to 80 percent of SL GDP; by 2015 this had fallen to a paltry 55 percent.
To put this is perspective, Vietnam’s trade-to-GDP ratio is now around 170 percent, Malaysia’s is 150 percent, and Thailand’s is 120 percent. Singapore used to be around 350 percent.
china had "other" interests in investing in SL ports and taking it over, Indian interests put an end to that.